Textile Import And Export Growth Is Low, And The Market Is Being Grabbed By India.

From 1 to April this year, the growth of China's textile imports and exports dropped to the lowest level in previous years, and the trade scale of the United States grew slowly, which was weaker than India's exports.

According to the latest statistics from China Customs, the total export volume of textiles and clothing in China in the 1-4 months of this year was 50 billion 323 million US dollars, up 15.32% from the same period last year.

From the point of view of imports, China's imports totaled 5 billion 397 million US dollars in 1-4 months, an increase of 1.96%.

Among them, textile imports amounted to 4 billion 708 million US dollars, a year-on-year decrease of 0.88%, and clothing imports of US $689 million, an increase of 26.89%.

In recent years, the export growth rate of textiles and garments in China has been found to be slower than in the past April, basically reaching the lowest level in recent years.

In terms of export volume, the US remained the top five trading partners in the first 4 months, but the trade scale grew slowly.

China's first textile network report quoted the latest data released by the textile and clothing office of the US Department of Commerce. In the first quarter of this year, the number of textiles and clothing imported by the United States decreased by 1.68% and 7.74% compared with the same period last year. At the same time, India's exports to the United States increased by 8.26%.

"Obviously, the market of Chinese textile and clothing exported to the United States is being grabbed by countries such as India and Vietnam.

The situation in China is not as good as India, no matter in terms of the output of raw materials (cotton), the low cost of employment, or the exchange rate.

Ma Xinzheng suggested that instead of fighting for export share with India in the process of large number of lost orders, it is better to shift export priorities to countries and regions with higher population base and consumption capacity while consolidating the European and American markets.